PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Frost & Sullivan Revises Upwards 2013 Malaysia's Vehicle Sales Forecast to 638,000 Units - Frost & Sullivan is revising its 2013 total industry volume (TIV) forecast up by 6.3 per cent to 638,000 units, from 600,000 units estimated previously
Frost & Sullivan Revises Upwards 2013 Malaysia's Vehicle Sales Forecast to 638,000 Units

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2013/07/16 - Frost & Sullivan is revising its 2013 total industry volume (TIV) forecast up by 6.3 per cent to 638,000 units, from 600,000 units estimated previously.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan is revising its 2013 total industry volume forecast up by 6.3 per cent to 638,000 units, from 600,000 units estimated previously as a result of positive consumer sentiment, enthusiastic response to key new model launches and lowered expectation of any significant price reduction from policy initiatives.

Mr. Kavan Mukhtyar, Partner & Head of the Automotive & Transportation Practice, Asia Pacific also said that Frost & Sullivan is revising its TIV forecast upwards as the likely impact of Malaysia's electoral uncertainty during the run-up to the 2013 General Election was not as high as expected.

Mr. Mukhtyar said that sales volume for the month of July is expected to recover, as consumers purchase new vehicles due to the upcoming Hari Raya festive season. The recent efforts by Bank Negara to reduce household debt may not have an immediate adverse impact as automotive loan approvals had already been tightened since last year.

He added that the launch of the new Proton Saga SV (Super Value) in mid-June will also continue to support growth for the month of July. However, August could witness moderate performance as sales are expected to decline due to the long Hari Raya holidays.

Mr. Mukhtyar also said that automakers are expected to launch key new models in the third quarter of this year, which could prop up vehicle sales. They include the new Toyota Vios, Proton P3-22A (Prevé Hatchback) and Nissan Almera hatch back.

He added that September sales could be slower due to anticipation of the budget announcement in October.

Mr. Mukhtyar said that vehicle sales are likely to pick up in the fourth quarter of 2013.

He attributed the increase in vehicles sales in the fourth quarter to the announcement of the budget and the start of the year-end festive season, which traditionally see plenty of sales promotions offered by automakers.

Review of H1 of 2013
Mr. Mukhtyar said that vehicle sales in the first half of 2013 is expected to grow 4 per cent year-on-year to reach 314,000 units, as compared to 301,269 units a year ago.

He added that the year 2013 started off with a bang as vehicle sales grew 34.5 per cent year-on-year to 55,066 units in January as compared to 40,948 units a year ago. “The robust sales were contributed by positive consumer sentiment, aggressive promotional campaigns prior to Chinese New Year season along with additional incentives for new car purchases,” he said.

Mr. Mukhtyar also said that sales were also contributed by customers delaying vehicle registration in order to receive their vehicles in the New Year.

He added that overall sales volume in the first three months of 2013 increased by 13.8 per cent year-on-year to reach 157,664 units as compared to 138,544 units previously. The launch of key new models such as the 4th generation Honda CRV and Perodua S-series models supported the TIV growth in the first quarter of 2013, he said.

However, Mr. Mukhtyar said that TIV for the second quarter of 2013 suffered a slight decline of 4 per cent year-on-year due to the uncertainties surrounding the general elections as consumers adopted a cautious approach in anticipation for the announcement of the revised NAP policies.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Frost & Sullivan Revises Upwards 2013 Malaysia's Vehicle Sales Forecast to 638,000 Units

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Alice Chia 
alice.chia[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket
Borealis and Borouge Showcase Lightweight Solutions with the 2016 European Car of the Year At K Fair
BASF - Charge Air Duct Made from The High-temperature Polyamide Ultramid® Endure BM for Blow Molding
MAN Announces First Major Order from Tbilisi
BASF and Hyundai Motor Showcase RN30 Concept Car At K Fair

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)